609 E Inskip Dr - Apartments FOR SALE


Knoxville, TN 37912- Uptown Knoxville
$3,600,000 USD
615-973-5373
609 E Inskip Dr, Knoxville, TN for Sale
$3,600,000 USD
Apartments - FOR SALE
1/40
null | 6.36% Cap Rate

609 E Inskip Dr
Knoxville, TN 37912
Uptown Knoxville


HIGHLIGHTS

  • Approximately $575,000 in capital improvements have been completed within the past 36 months
  • Full interior renovation completed across all 24 units
  • All HVAC units replaced between 2021 and 2022
  • Half of the roofs replaced in 2025 and the remaining half replaced in 2022
  • Stainless-steel appliances are provided in all units
  • Office on the property can be converted into an additional income-producing unit

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/192595/the-views-on-inskip Marcus & Millichap has been selected to exclusively market for sale the Views on Inskip in Knoxville, TN. This offering will allow a potential investor to purchase a turnkey investment opportunity located in East Tennessee. The Views on Inskip is a fully renovated 24-unit multifamily community in the growing North Knoxville submarket. Over $575,000 in recent capital improvements include complete interior upgrades, new HVAC systems, and roof replacements in 2022 and 2025. Each unit features stainless-steel appliances, and the property offers an on-site laundry facility with potential to convert the office into an additional income-producing unit. The asset provides investors with turnkey operations and durable cash flow in a strong Knoxville location. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of The Views on Inskip.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

24

PRICE/UNIT

$150,000

CAP RATE

6.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Views on Inskip

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

RN-1

APN/PARCEL ID

069HC-02101

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.